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Fly News Breaks for June 14, 2019
LULU
Jun 14, 2019 | 09:21 EDT
Bernstein analyst Jamie Merriman maintained 2019 EPS estimate of $4.62 following lululemon's Q1 results, and raised her 2020 EPS estimate to $5.60 due to stronger than expected direct to consumer growth in Q1 driving increased topline. In a research note to investors, Merriman says that while she believes lululemon's valuation can be sustained as long as total comp sales growth continues in the double digits, she struggles to find room for upside in the medium to long term.
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